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Gold surges past $4,000 after inflation data
Global gold prices rose above the $4,000 per ounce mark, reaching $4,032.74 after the release of US inflation data that aligned with expectations. This led to a decline in the dollar and Treasury bond yields, boosting gold's appeal as a safe haven. Gold futures increased to $4,047.60 per ounce. Other precious metals such as silver, platinum, and palladium also saw significant gains.
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